BOOK ABSTRACT: It is a fact that economics matters when it comes to
competition law. Yet, the context for this book is the increasingly
complex relationship of economic theory and competition law which gives
rise to lively political and academic debate about the direction
competition law should take in a more global and innovation-oriented
market place. Adopting a comparative background, taking into account
different situations in the US, Europe, Japan, transition and
developing countries, the contributors to the book investigate the
impact of economics on the objectives of competition law both in
various fields of competition law enforcement – restrictive agreements,
unilateral restraints, merger control – and on the effectiveness of
enforcement in a given legal and judicial system.